Risk Factors Are Not Just For Show

 

Last weekend, the Div Guy did a solid write up of the problems over at SemGroup Energy Partners, L.P. (SGLP), the publicly traded midstream entity that lost 80% of its value when SemGroup L.P., its General Partner, lost $2.4 billion on a bad bet on oil prices. There are just a few points I want to make on the situation.

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